I love a good conspiracy theory as much as the next guy,but this is where conspiracy theories lose credibilty.
We are less than 2 weeks away from an election.
The Dow is below 10000.Oil is at $55...I'll repeat that,Oil is $55 a barrel.
Gold is well over $400
The $US is sliding into oblivion.
It is actually dangerous to ones trading to believe that some secret cabal can manipulate these enormous markets.
For one I dont think anyone (especially this trio of "comical ali" impersonators-Bush,Greenspam and Snow)are clever enough to pull it off.
They have probably pulled every lever available to them to just try and keep the markets somewhere near Dow 10000,but the task is beyond them,the markets will go where they go,nothing anyone can do to change that.
Hey, no sweat, the conspiracy theories are still intact.
It's just that the Rockefeller New York Banksters have gained the upper hand on the Texas Oilmen.
WASHINGTON (AP) - Iraq's new security forces are heavily infiltrated by insurgents, and the guerrilla groups have access to almost unlimited money to pay for deadly attacks, according to a U.S. defense official who provided new details on the evolution of the rebels.
A significant part of the insurgents' money is coming from sympathizers in Saudi Arabia, and the Saudi government is neglecting the problem, said the official, who was authorized by the Pentagon to speak on the issue this week, but only on condition of anonymity.
Money is flowing into Iraq through Syria, the official said.
In both cases, it comes from a diffuse network of supporters, funneled through charities, tribal relations, and businesses - not necessarily the same funding networks that transfer money to al-Qaida from Saudi Arabia and other Arab countries, but following a similar model, the official said.
Saudi government officials have repeatedly said they are cracking down on money networks that support terrorism, but their focus has been primarily on stopping al-Qaida, not the Iraqi resistance. A spokesman for the Saudi Embassy in Washington did not return a call seeking comment Thursday.
Some experts called the money trail new evidence that the Iraqi resistance has gained support in the Arab world.
``The overall resistance in Iraq is popular and is getting more popular in the Arab world,'' said Vince Cannistraro, a former counterterrorism chief for the Central Intelligence Agency.
Japan MOF Tanigaki: Watching Forex Moves Carefully
TOKYO -(Dow Jones)- Japan's Ministry of Finance stands ready to take action in currency markets if foreign exchange rates move in a way that doesn't reflect economic fundamentals, Finance Minister Sadakazu Tanigaki said Friday.
"As it says in the (Group of Seven) statement, it is a problem when foreign exchange rates don't reflect fundamentals," Tanigaki told reporters.
"We will continue to closely monitor (the foreign exchange markets)," although he added that he wouldn't comment on individual market moves.
"If the market doesn't reflect fundamentals and move in a speculative fashion, we will take the necessary action."
Tanigaki also declined to comment on speculation that Japan may find it harder to intervene around the time of the U.S. presidential elections Nov. 2.
At 0054 GMT, the dollar was changing hands at Y107.55, edging back up from Y107.42 overnight in New York, though still well down from the Y109s just two days earlier.
-By Miyako Takebe, Dow Jones Newswires; 813-5255-2929; miyako.takebe@ dowjones.com
For a contrary to bear opinion, Harry Dent has a new book coming (he was posting for awhile on this web site):
Best of boom, and worst of bust, is yet to come
October 21, 2004
The Dow Jones industrial average will rise to between 35,000 and 40,000 -- within the next five years! That's not a leftover forecast from 2000. It's a bold prediction in the midst of today's churning, go-nowhere stock market. And it's a prediction that would make most market anal cysts laugh, if it didn't come from the highly respected -- and highly accurate -- market forecaster, Harry Dent.
Here are the long-term trends that cause Dent to champion this bullish position.
First, there's historic stock market analysis. It starts with the long-cycle Elliott wave, which is a technical market forecasting tool that convinces Dent to extrapolate huge economic and stock market advances in the next five years.
And there's the historical stock market "decade" cycle that shows the last five years in any decade are the best for stock prices. Not to mention that the fifth year in every decade this century has been up on average 34.6 percent.
But Dent isn't just an ordinary stock market technician, charting past performance and looking for patterns. His unique expertise is in the field of demographic research, studying the patterns of birth and consumption and homebuying that move economies to grow and prosper. The real force behind Dent's analysis is his assessment that the great Baby Boom demographic wave that will feature boomers in their highest spending period during the next few years, pushing economic growth and the stock market to unprecedented heights.
And on top of those demographic patterns, Dent has researched the history of technology and innovation, driving forces in economic growth and periods of slowdown. His conclusion: It's only natural for a technology revolution to have a bear market shakeout along the way. But then the technology (in this case, the Internet and broadband connectivity) accelerates dramatically into the mainstream use.
Repubs are running frequent adds on radio here in FL to get voters to the pols now! I think that they are running these in time with other adds and poll data indicating a lead because in the near future bush pol numbers may decline....whats up?
I watched the UK secretary of defense (defense??) Geoff Hoon argue for the increased troop strength. Opponents were nailing him but he dodged them. Looked to me like Hoon was just covering as the poodle front man. Opponents were visibly angry.
One asked why the UK is always taking orders from the US.
I figure the Brits will just pull guard duty like good little puppets so US invaders can go in and kill and get creamed as they reduce the old citys to democratized rubble.
Got the absentee ballot today from Clay County SE. Checked their website last night and again today and they have shut it down since I alerted them it was not working.
Going around your thumb to get to your elbow is kinda trying!
NWD, couldn't find anything specific, but here is a generalization of the problem....
ēExtortion. What started out as a digital shakedown of gambling Web sites has expanded, federal authorities say. Nearly one-fifth of 100 small and midsize companies polled this summer say they have been targets of cyberextortion threats, according to a survey by Carnegie Mellon University's H. John Heinz III School of Public Policy and Management and InformationWeek magazine.
Banks and companies planning initial public stock offerings are the latest targets of shadowy hackers, who demand $20,000 to $50,000 for protection from distributed denial-of-service attacks, which bombard and paralyze a Web site with data. Often, the e-mail threats are issued shortly before an attack, demanding that cash be sent to a Western Union office overseas.
In July, young Russian hackers were arrested for operating an extortion ring that for nearly a year cost British banks as much as $73 million in lost business and damages, government officials in Russia told Itar-Tass news agency.
In an attack in the USA last month, the Web site of Authorize.Net, a processor of credit card transactions for thousands of small and midsize businesses, was hit for several days, disrupting service. Authorize.Net rejected several e-mails demanding a "significant amount" of money, says David Schwartz, a spokesman. An unknown number of zombie computers were used in the attack, he said. The FBI is investigating.
Authorize.Net downplayed the attacks, but some of its customers said the withering assaults were costly. "I lost $15,000," says David Hoekje, president of PartsGuy.com, an online retailer of heating and air-conditioning parts.
As cyberextortion grows, attacks are becoming more sophisticated. Some extortionists monitor how their targets defend themselves, so they can alter attacks. They enlist new zombie computers unfamiliar to the company under siege or change the type of data used in an electronic assault.
Is it not ironic that the World series may be between Mass. and Tex-Ass the comeback kids mirror real life, art imitates life. Some factoids from tomorrows "Rude Awakening"..."In Sept. the U.S. produced 4.85 Million Barrels of Oil its LOWEST monthly average in 55 years. The U.S. produces 6% of the Worlds Oil and consumes 26%. Chinese Oil imports are up 40% as at the end of September year over year. Canada-eh-ships 62% of its production to the U.S."- Shrub keep pissing Canada off and your inaugeration may be in a wagon borrowed from the Amish
...The population has been very carefully excluded from the political arena, and the general culture, the general dominant culture. That's not by accident....I mean, here, we have a thing called an election, which is a choice between two men, both born to great wealth and political influence, and went to the same fancy private schools, same elite university, joined the same secret society where you train people to be members of the ruling class. They can run because they're funded by pretty much the same concentrations for private power. Both understand that the election is supposed to keep away from issues .... From that, to the huge explosion of the lobbyists in Washington, to the right wing think tanks. Everything you can think of, across the board, has been an effort to drive that danger of democracy back into the hole where it belongs. ... AMY GOODMAN: Yet the person who points that out, Ralph Nader, you and Howard Zinn, and others, to many people's surprise signed a letter and said ďDonít vote for him.Ē NOAM CHOMSKY: We didnít say that. Actually Iím a little surprised by the surprise. I took exactly the position I took in 2000, namely, the election is a marginal affair, it should not distract us from the serious work of changing the society, and the culture and the institutions, creating a democratic culture. Thatís what you work on. You canít ignore the election. Itís there. But itís designed as a method of essentially marginalizing the population. Thereís a huge propaganda campaign to get people to focus on these personalized extravaganzas, and make them think ĎThatís politics.Ē Well, it isnít. Thatís a marginal part of politics, and here, a very marginal part. So the main thing is keep on with your work. You canít ignore it. You should spend five minutes, maybe, thinking about what you should do. In that five minutes, you should recognize there is some difference between the two groups contending for power, and one of them happens to be really extremist, and very dangerous, and it's already caused plenty of trouble and could cause plenty more. The other is bad, but less extremist and less dangerous. So in that five minutes that you devote to the topic, you should come to the rational conclusion, if it's a swing state, keep the worst guys out. If it's another state, do what you feel like. Itís the same thing I said in 2000 during the five minutes of time I spent on it. Ö